The Tariff Bombshell On March 12, 2025, US President Donald Trump imposed a 25% tariff on all aluminum, steel, and derivative goods imports. This was followed by a 25% tariff on all passenger vehicles and light trucks on April 3, with a further 25% tariff on automobile parts set to be implemented no later than…
In a significant development, Tesla has reached a settlement in a racial discrimination lawsuit filed by a Black female employee, Raina Pierce, who alleged pervasive harassment at the company’s Fremont, California, plant. Pierce claimed that a manager would greet workers with phrases like “welcome to the plantation” or “welcome to the slave house,” highlighting the…
It’s Monday morning, and the global financial markets are in turmoil. The recent imposition of tariffs by US President Donald Trump has sparked a widespread market rout, with significant declines in Asia and Europe. The US markets are also bracing for a further slump as they prepare to open. Last week, President Trump announced a…
This week, President Donald Trump introduced a new set of tariffs, including a 10% “baseline” tariff on most imports, which went into effect on April 5. This move has sent ripples through the global economy, prompting a variety of responses from world leaders. While some nations are considering retaliatory measures, others are seeking dialogue to…
In a significant escalation of the ongoing trade tensions between the United States and China, China’s finance ministry announced on April 4 that it will impose an additional 34% tariff on all US goods starting from April 10. This move comes as a direct response to President Donald Trump’s decision to impose a 34% tariff…
U.S. stock futures are pointing to a sharply lower opening, with Dow futures plunging more than 1,000 points, after President Donald Trump unveiled his tariff plan after the markets closed on Wednesday. This significant drop reflects the market’s immediate reaction to the new trade policies, which have introduced a new layer of uncertainty for investors…
Hooters, the iconic restaurant chain first known for its orange-clad, all-female wait staff and then its chicken wings, filed for bankruptcy on Monday. Despite this move, the decades-old brand assured its loyal customers that it isn’t going anywhere. Instead, the company is embarking on a strategic restructuring process aimed at strengthening its financial foundation and…
Elon Musk’s paternity saga continues to unfold, with conservative influencer Ashley St. Clair accusing the Tesla CEO of cutting child support payments for their son. In a recent video published by the Daily Mail on March 31, St. Clair was seen selling her $100,000 Tesla outside her Manhattan apartment, stating that she needed the money…
Richard Chamberlain’s Net Worth at the Time of His Death At the time of his passing in March 2025, Richard Chamberlain’s net worth was estimated to be around $25 million. This fortune was primarily accumulated from his successful acting career, which spanned over six decades, along with his investments in real estate. Some of his…
The Institute for Fiscal Studies (IFS) has issued a stark warning regarding Chancellor Rachel Reeves’ ability to adhere to her fiscal rules, stating that the chances of meeting these targets are akin to a coin toss. This uncertainty is compounded by economic forecasts suggesting further tax rises may be necessary in the Autumn Budget. Paul…